CPDStore Ireland

Tax as it impacts the charities sector is an area that most practitioners are likely to encounter, at least occasionally, whether that be by way of being asked to advise charitable organisations directly or in the context of other clients who are looking to claim tax relief on donations to such charities or to approved sports bodies. It is therefore important for practitioners to at least have a broad understanding of the key tax issues pertaining to this sector. Furthermore, there have been some notable legislative changes recently, notably the enactment of the Charities (Amendment) Act 2024 which sets out a number of changes to the governance and administration of charities, and a number of provisions introduced in Finance Act 2024 impacting the tax treatment of charities and relevant sports bodies. This course, in addition to providing a refresher of the key tax issues that practitioners should be aware of, will discuss these recent changes in detail. On completing this course, practitioners should have a broad understanding of the key tax issues impacting the sector and an awareness of these recent changes.

Michael O’Scathaill covers the following topics during this course:

• An overview of tax reliefs and exemptions available to charities, including an overview of the VAT Compensation Scheme.
• How charities can benefit under the Charitable Donations Scheme from tax relief on donations received. 
• The processes to be followed by charities in order to be recognised as such by Revenue and to avail of the various tax reliefs and to qualify for the Charitable Donation Scheme.
• How approved sports bodies can benefit from tax relief on donations received to fund certain capital projects.
• Details of recent amendments introduced to the Charities Act and tax changes relevant to the sector introduced in Finance Act 2024.